Wed, Jul 27 2011, 16:19 GMT |
FXstreet.com FXstreet.com (C�rdoba) ? The Dollar is the best performer so far during the American session and is rising even against the Yen despite risk aversion. USD/JPY is recovering ground after bottoming at 77.55, the lowest price since March 15, and recently rose back above 78.00. Greenback reached a fresh daily high 78.10 and currently trades at 78.05/07.
?Broader picture, however, remains negative, with pre-intervention low at 76.32, posted on 16 Mar, in short-term focus,? said analyst from Windsor Brokers Ltd. Slobodan Drvenica. ? On the upside, 78.00 offers initial resistance, while 78.50 zone caps for now.?
In the market the Yen is posting mix results. While in the last hours reached fresh highs versus the Euro, trimmed losses versus the Pound.
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Source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=09d0b9ea-146b-4ded-a5d5-84d8514aff2c
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